FED Firstfed Financial Corp

First Federal Bank of California, the wholly-owned subsidiary of FirstFed Financial Corp. (NYSE:FED), today announced the opening of its newest branch location in Thousand Oaks. Located at 475 E. Avenida De Los Arboles, the branch offers a full range of both consumer and commercial banking products and services. A seasoned First Fed Branch Manager, Maria Espana, will lead the Thousand Oaks branch team. According to Shannon Millard, President of Retail Banking, �For the past eight decades, First Federal Bank of California has been providing a unique brand of one-on-one personal service and a wide selection of first-rate financial products to the communities we serve. We�re pleased to join the Thousand Oaks community and look forward to serving the financial needs of local residents and businesses to help them manage their finances, save, invest and borrow better to ultimately live better.� At September 30, 2008, the Bank�s risk-based capital ratio was 15.87% and its core and tangible capital ratios were 8.38%, which are in excess of the 10% and 5% ratios, respectively, required by the Bank�s federal regulators to be considered �well-capitalized.� Headquartered in Los Angeles, California, with the addition of the Thousand Oaks branch, First Fed operates 39 retail banking offices in Southern California. Two additional branches are slated to open in the first quarter of 2009. This news release contains certain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to various factors, many of which are beyond the Company�s control, which could cause actual results to differ materially from such statements. Such factors include, but are not limited to, the general business environment, interest rate fluctuations, the availability of branch opening opportunities, competitive conditions in the business and geographic areas in which the Company conducts its business and regulatory actions. In addition, these forward-looking statements are subject to assumptions as to future business strategies and decisions that are subject to change. The Company makes no guarantees or promises regarding future results and assumes no responsibility to update such forward-looking statements. � Corporate Address: 12555 W. Jefferson Blvd. Los Angeles, CA 90066